02188cam a22002657 4500001000700000003000500007005001700012008004100029100002300070245009900093260006600192490004200258500001900300520097200319530006101291538007201352538003601424690009801460690008901558690008101647710004201728830007701770856003801847856003701885w18584NBER20161209112211.0161209s2012 mau||||fs|||| 000 0 eng d1 aKopczuk, Wojciech.10aTaxation of Intergenerational Transfers and Wealthh[electronic resource] /cWojciech Kopczuk. aCambridge, Mass.bNational Bureau of Economic Researchc2012.1 aNBER working paper seriesvno. w18584 aNovember 2012.3 aIn this chapter, I review empirical and theoretical literature on taxation of intergenerational transfers (estates, bequests, inheritances, inter vivos gifts) and wealth. The main message may be summarized as follows. Empirical evidence on bequest motivations and responses to estate taxation is spotty and much remains be done, but what we know points in the direction of (1) mixed motives (2) heterogeneity of preferences and (3) importance of retaining control over wealth. These patterns are important for normative analysis of taxation toward the top of the distribution. Theoretical work should further focus on understanding implications of inequality of inherited wealth: the topic that has been neglected in the past, even though it is closely related to -- more carefully studied, but arguably much less important in practice -- externalities from giving. Potential externalities from wealth accumulation and concentration are yet to be seriously addressed. aHardcopy version available to institutional subscribers. aSystem requirements: Adobe [Acrobat] Reader required for PDF files. aMode of access: World Wide Web. 7aD31 - Personal Income, Wealth, and Their Distributions2Journal of Economic Literature class. 7aE21 - Consumption • Saving • Wealth2Journal of Economic Literature class. 7aH2 - Taxation, Subsidies, and Revenue2Journal of Economic Literature class.2 aNational Bureau of Economic Research. 0aWorking Paper Series (National Bureau of Economic Research)vno. w18584.4 uhttp://www.nber.org/papers/w1858441uhttp://dx.doi.org/10.3386/w18584